Mr. Jonathan Sheeri reports

HAPBEE APPLIES FOR MANAGEMENT CEASE TRADE ORDER

Hapbee Technologies Inc. anticipates a delay in the filing of the financial statements required pursuant to parts 4 and 5 of National Instrument 51-102 (Continuous Disclosure Obligations). The delay stems from the replacement of the company's last auditor, Olayinka Oyebola & Co., chartered accountants, in September of 2024. Shortly after the company's current auditor, Morton Garellek, chartered professional accountant, was appointed, the former auditor was charged with aiding and abetting securities fraud by the Securities & Exchange Commission in the United States. Since that time, the auditor has been unable to obtain files and documentation relating to the company from the former auditor, which now require the auditor to perform additional audit procedures to complete the issuer's audited consolidated financial statements. Both the company and the auditor continue to work diligently toward the completion and filing of the company's financial statements and management's discussion and analysis.

The instrument requires that the company's audited consolidated financial statements, MD&A, and chief executive officer and chief financial officer certifications relating to the audited consolidated financial statements for the year ended Dec. 31, 2024, be filed by April 30, 2025. The company expects that the required filings will be completed and filed on or before June 30, 2025.

In connection with the anticipated delays in making the required filings within the time periods mandated by the instrument, the company has made an application under National Policy 12-203 (Management Cease Trade Orders) to the B.C. Securities Commission as principal regulator for the company, requesting that a management cease trade order be issued. If granted, the MCTO will restrict all trading by the company's CEO and CFO in securities of the company, whether direct or indirect. The issuance of the MCTO will not affect the ability of persons who are not directors, officers or insiders of the company to trade their securities. The MCTO will remain in effect until two business days after the required filings are filed or until it is revoked or varied.

The company confirms that it intends to satisfy the provisions of the alternative information guidelines described in NP 12-203 by issuing biweekly default status reports in the form of a news release for so long as it remains in default of the requirement to make the required filings. The company has not taken any steps toward any insolvency proceeding, and the company has no material information relating to its affairs that has not been generally disclosed.

About Hapbee Technologies Inc.

Hapbee is a digital wellness technology company that aims to help people take control of how they sleep, perform and feel. Hapbee's digital wellness library of Blends and Routines utilizes patented ultralow radio frequency energy, designed to help optimize users' sleep, productivity, recovery and downtime. Hapbee devices and subscriptions are available for purchase at the Hapbee website and through a growing network of select distributors.

We seek Safe Harbor.